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DBRS: PNC unaffected
DBRS said that its ratings for PNC Financial Services Group, Inc., including its issuer & senior debt rating of A (high), are unchanged following the release of 4Q11 earnings.
Despite lower earnings, which were driven by a number of non-recurring expense items, DBRS said that it sees PNC's fourth quarter results as acceptable.
The mostly positive balance sheet trends PNC has displayed in recent quarters continued in 4Q11, the agency added.
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